Tata, Marubeni, & Mitsubishi submitted bids on KPC-Arutmin
Three giants---Tata (India), Marubeni & Mitsubishi (Japan)---have submitted their respective final offers to acquire 30% shares of PT Bumi Resources Tbk in two coal mining subsidiaries---PT KPC & PT Arutmin Indonesia, for undisclosed price. Bumi is expected to announce the winner next week. "You're right. They have submitted their final offers," an investment banker involved in the deal said few minutes ago.
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Labels: Arutmin, Bumi Resources, KPC
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posted by yosef at 11:58 AM
2 Comments:
I am hearing numbers well above $1bn for the 30% stake. Has anyone heard a hard number?
Why does the Bumi Group sell everything to Mitsubishi?
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